Posted on 09/13/2019 3:39:06 PM PDT by Rebelbase
The family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York states attorney general contends in court papers filed Friday.
New York asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family said it has already documented $1 billion in transfers between those parties.
Those transactions include millions shifted from a Purdue parent company to former board member Mortimer D.A. Sackler, prosecutors said in the papers. Prosecutors say Sackler then redirected substantial amounts to shell companies that own family homes in Manhattan and the Hamptons.
The filing, made in a New York court, follows decisions by that state and others to reject a tentative settlement with Stamford, Connecticut-based Purdue, announced this week, arguing it does not do enough to make amends for the companys and familys alleged roles in flooding U.S. communities with prescription painkillers.
(Excerpt) Read more at ktla.com ...
You’re right, Morty & his boys are wonderful people.
New York State Attorney. That’s a paragon of justice.
The abusers? All this crap infiltrated rural America when obama got in office. He declared war on middle America and invited our neighbors to the South in via open borders. Our kids are dropping like flies and it's from Heroin laced with Fentanyl (sp) not oxycodone/oxycontin.
These are just my observations but as another poster said, the 'spike' happened when fentanyl hit. 90% of which is coming in through the southern border.
“”I live in NY and am inclined to agree with you 100%, PS, I take zero pain meds.””
I haven’t lived there since 1957 but I agree also. I do not trust anything done there - not with all the actions coming out of Albany with Cuomo in charge and his corrupt administration. That was my first thought on reading the first sentence...
I think you are absolutely correct. I’ve watched it in my rural area/county.
I think you’re dead-on right. The article plays this up like it’s a noble and righteous State government looking to lay the smack down on some shady rich people, but New York and “noble and righteous” are abut as oxymoronic as you can get; and for all that the family did to keep them from prying eyes, there’s no evidence that the money transfers were done illegally.
I have no problem with properly prescribed and used oxy. My comments are so let about the greedy and corrupt NY government. They are relentless at figuring out new ways to remove money from you wallet and liberty from your life.
Mortimer Sackler killed nobody. The drug addicted idiots committed suicide.
Why not give Morty a big kiss on the lips and tell him you agree with his decision to lie about the addictive qualities of Oxy? After all, if the law suits aren’t true they should be easily defended, especially for a milti-billionaire, right?
You totally missed my point. The whole cause of this debacle is the “War on (some) Drugs.”
By some drugs, I mean pretty much anything *NOT* produced by the pharmaceutical industrial complex.
Let’s not forget OxyContin was APPROVED by the FDA. The FDA bears some responsibility as do prescribing physicians.
Political wise NY is an extremely scummy state especially when you highlight Albany and the SCUMBAG Cuomo.
Pain & suffering tort law is really the problem.
Are you in pain Mr. Victim?
Yes. I take the maximum non-lethal amount of the most powerful pain killer. And it still hurts bad, real bad.
Oxycodone was known back in 1916 according to my 1983 Merck Index, which describes it as addictive.
The Sacklers made a steady release product which enabled more continuous and effective pain relief - and made billions.
And those who rely on oxycontin for quality of life must choose between street drugs or suicide. Anyone curious about the stats can find them at the ACSH website—anti-junk science scientists and medical folks. I’ve been following their research on the government crackdown on prescription meds, aka threatening doctors into not prescribing to chronic pain patients. A fiasco all around and doesn’t change the reason why people are addicts.
Who killed who?
Hey, as long Uncle Sam / IRS gets their share from taxes, it’s all good. NY is just trying to get their share of the profits. Citizens be damned.
Fortunately, it didn’t happen to anyone in my family, but I understand that before Oxy there were a lot of people suffering from chronic pain. It seems to me that stricter controls on manufacturing, distribution and prescriptions makes more sense than trying to drive manufacturers out of business and deprive people of meds they need.
The most careful analysis of mortality data I have seen tracked opioid deaths in several MD counties. It looked at the origin of the initial exposure to opiods and found that something in the vicinity of 9-11% started with prescriptions. You have to realize that the vast majority of opioid overdoses are involving people who will use any available drug they can abuse.
That said, fraudulent transfer is right in the wheelhouse of the US Trustee in the corporate bankruptcy. They will claw it back.
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